Margaret

Margaret works making ‘salteñas’ [meat turnovers] at home, an activity she’s been doing for more than three years which is why she’s asking for a loan to buy an electric kneader in order to work faster for her customers. She’s the mother of four children who she and her husband support economically and morally; they provide them with a good education so that in future they will be able to fend for themselves and become professionals since she was unable to do so herself due to economic problems her parents had back then. This is why her goal is to make more salteñas to earn higher income so that she can continue helping her husband support her children in university and in high school; she also wants to be able to continue supporting her parents since their only economic help comes from Margaret because as she states, just like they supported her in the most difficult times now it’s she who must help them any way she can.

Additional Information

About CIDRE

CIDRE is a Bolivian microfinance institution with a strong social commitment to the community. It works to provide quality financial services to rural and peri-urban borrowers, focusing primarily on agricultural loans for dairy farmers and micro-enterprises. CIDRE targets segments of the population that have not traditionally had access to credit, and invests in much-needed community development projects. It is currently working with coca farmers in the Chapare region to replace coca with less controversial crops. Get more involved by joining the Friends of CIDRE lending team.